Dicyclopentadiene (DCPD) is obtained from the high temperature cracking of petroleum products and is best characterized by its usage as a highly reactive intermediate in the manufacture of numerous resins - aromatic hydrocarbons, phenolics, unsaturated polyesters, and epoxies.
The study on the DCPD market segments the said market on the basis of application and geography. The executive summary section of the report elaborates upon the various segments and sub-segments of the market. The report presents both revenue (US$ mn) as well as volume (kilo tons) estimates of the DCPD market from 2014 to 2023. The report also examines the various factors such as market drivers, restraints, and opportunities that will impact the DCPD market in the forecast period.
On the basis of geography, North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America are the regional segments of the dicyclopantadiene market. Included in the report are market size figures in terms of revenue and volume for each application segment in all regions, which are further divided into major countries.
The report also includes market share analysis of major companies operating in the DCPD market.
Overview of DCPD Market
Increasing demand for DCPD in several industries such as plastics, automotive, and building and construction will be beneficial to the growth of the DCPD market. The functional properties of DCPD are suitable for several applications, such as in the manufacture of paints, plastics, varnishes, and pesticide products.
As such, the market for DCPD will be valued at US$838 mn by 2023, increasing from US$578 mn in 2014 at a CAGR of 4.90% from 2015 to 2023.
Amongst all applications, the unsaturated polyester resin application segment was registered as the major segment of the DCPD market in 2014. This is because unsaturated polyester resins are used in a large range of applications such as plastic products, polyester cement, and automotive parts. Increasing usage of plastics for packaging purposes in food and beverages, pharmaceutical, and other sectors is indirectly augmenting the demand of DCPD. More so, in the emerging economies of China and India, modernization in all walks of life is leading to increasing demand for plastic for packaging needs.
Hydrocarbon resins are also an important application segment of the DCPD market. Increasing demand for hydrocarbon resins in paints and coatings will indirectly benefit the DCPD market. In emerging regions, the expanding construction sector will consistently derive demand for DCPD as a binding agent in paints and coatings.
However, ingestion of DCPD is associated with serious health hazards, which is limiting the growth of this market. Due to its flammability, DCPD is enlisted as a hazardous substance by the National Institute for Occupational Safety and Health (NIOSH), National Fire Protection Association (NFPA), and other associations.